Playing Catch Up

This from the Financial Times today:

Goldman Sachs forecasts that the Chinese economy will overtake that of the US by about 2040. The Economist Intelligence Unit forecasts in terms of purchasing power parity – which adjusts for price differences between countries to reflect actual buying power of local incomes – China will outstrip the US by 2017.

Okay, here's the thing. China's growing economy has lifted millions of Chinese out of poverty, and that's a good thing. But is it such a good thing that it eclipses putting Americans out of work?

Buy local, kids!